Responsible investing includes allocating to poor-ESG performing EM countries and helping them shift to greener solutions, instead of divesting completely, experts said.
In Singapore, Lau Chee-Kin has been named CitigroupÆs securities country manager. He was previously CitiÆs Malaysia securities country manager for five years after joining the firm in 1997. Lau replaces Rohan Singh, who transfers internally to CitigroupÆs Asia-Pacific division in London.
Taking over LauÆs role in Malaysia is Benedict Ler, who joins from RHB Securities as CitigroupÆs Malaysia Securities Country Manager. At RHB Securities, Ler was senior general manager of operations. During his close to 20 years with RHB Securities, Ler also held a variety of other roles.
Elsewhere in the securities and fund services business Rudy Ingkiriwang joins in a newly created role. From CitiÆs Singapore offices, he takes on the role of securities and funds services network manager for Asia-Pacific.
Ingkiriwang joins Citi in a newly-created role from Standard Chartered, where he was most recently head of securities services operations for Southeast Asia.
All new appointees will report to Michael Sleightholme, managing director and direct custody and clearing head for Asia-Pacific.
In a related announcement, Citigroup corporate and investment banking has also appointed Lawrence Komo as managing director, head of securities finance for Asia-Pacific. In the newly created Singapore-based role Komo reports to Margaret Dawson, Asia-Pacific head of securities and fund services and Tim Douglas, global head of securities finance.
Komo makes the move from UOB Group in Singapore, where he worked since 2002. Most recently, he was executive director of asset management sales. Prior to this role, Komo served Citi in a number of roles, including head of equity finance in London.
Outside of Citigroup and UOB, Komo has also held equity finance positions in Asia at Daiwa, Lehman Brothers and Goldman Sachs.
Inflation, fluctuating interest rates, Covid-19 shutdowns, and sporadic reopenings have led to bouts of volatility in the market, with tech stocks bearing the brunt of the selling over the last month.
Amid today’s macro landscape and the need to rethink portfolio planning, asset owners in Asia Pacific are more eagerly embracing responsible investing, says Nuveen’s Simon England-Brammer.
Aware Super appoints deputy CIO and head of governance; AustralianSuper promotes chief risk officer to replace Paul Schroder; Raffles Family Office adds two new roles to independent advisory board; Amundi appoints South Asia CEO; Barclays names China chief executive; Zico hires head of advisory in Singapore; Capital Group names head of HK client group; and more
Nearly 50% of institutional investors and family offices in Asia Pacific intend to increase the number of external managers for their thematic investments in equities over the next 12 months.